Barclays lifts Cemex S.A.B. De C.V. ADR [CX] price estimate. Who else is bullish?

Cemex S.A.B. De C.V. ADR [NYSE: CX] surged by $2.63 during the normal trading session on while it closed the day at $7.98. The company report on December 5, 2023 at 5:20 PM that Cemex Unveiled the First Fully Electric Ready-Mix Truck in the Middle East During COP28 in Dubai.

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Cemex S.A.B. De C.V. ADR stock has also loss -10.62% of its value over the past 7 days. However, CX stock has inclined by 11.34% in the 3 months of the year. Over the past six months meanwhile, it has lost -2.30% and lost -1.16% year-on date.

The market cap for CX stock reached $11.58 billion, with 1.51 billion shares outstanding and 1.51 billion shares in the current float. Compared to the average trading volume of 2.08 shares, CX reached a trading volume of 5.26M in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Cemex S.A.B. De C.V. ADR [CX]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CX shares is $10.62 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CX stock is a recommendation set at 1.39. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Barclays have made an estimate for Cemex S.A.B. De C.V. ADR shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on February 09, 2024.

The Average True Range (ATR) for Cemex S.A.B. De C.V. ADR is set at 0.28, with the Price to Sales ratio for CX stock in the period of the last 12 months amounting to 0.66. The Price to Book ratio for the last quarter was 1.11, with the Price to Cash per share for the same quarter was set at 0.41. Price to Free Cash Flow for CX in the course of the last twelve months was 11.86 with Quick ratio for the last quarter at 0.47.

CX stock trade performance evaluation

Cemex S.A.B. De C.V. ADR [CX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.62. With this latest performance, CX shares dropped by -2.67% in over the last four-week period, additionally sinking by -2.30% over the last 6 months – not to mention a rise of 45.63% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CX stock in for the last two-week period is set at 42.69, with the RSI for the last a single of trading hit 36.04, and the three-weeks RSI is set at 46.76 for Cemex S.A.B. De C.V. ADR [CX]. The present Moving Average for the last 50 days of trading for this stock 7.74, while it was recorded at 8.30 for the last single week of trading, and 7.10 for the last 200 days.

Cemex S.A.B. De C.V. ADR [CX]: An insightful look at the core fundamentals

Cemex S.A.B. De C.V. ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.47 and a Current Ratio set at 0.74.

Earnings per share (EPS) analysis for Cemex S.A.B. De C.V. ADR [CX] stock

With the latest financial reports released by the company, Cemex S.A.B. De C.V. ADR posted -0.12/share EPS, while the average EPS was predicted by analysts to be reported at 0.08/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -250.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Cemex S.A.B. De C.V. ADR go to 13.60%.

Cemex S.A.B. De C.V. ADR [CX]: Institutional Ownership

The top three institutional holders of CX stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in CX stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in CX stock with ownership which is approximately 5.8325%.